Focused C4

I have been playing with C4 as I like seeing actual price over a brick. I basically use all the same C4 rules with a few changes in stops and TP's. However my exits are still a work in progress which if anyone is interested in helping me with some ideas on this please do.

Trading Time:

4-9 am PST, Im usually done by 7-8

Pairs:

EU, GU, AU, UJ, EY, GY (just the ones I use may work on more)

Entries:

Look at the current trend of the 5m TF. Draw your TL and look for clear breaks. If the break of the TL and MA is with in 2 candles look to enter. Now if I wasnt making coffe I would have got in at the red vertical line, But on the next candle I did get in. (My rules are in my head and I learn better with seeing charts than text so this may be unclear)

Stops: Look for your most recent swing low which is shown by the low green horizontal line. Add in the spread plus a couple if you feel the need

TP: look for the swing high shown by the upper green horizontal line.

As for the exit price may not reach your TP so watchign PA is vital to making more than the standard 5. If you go up 10 pips going to BE is usually pretty safe to let these run.

Attached are todays trades both ran well but PA was shaky due to the late entry I took my positive pips which you have to do with this.
Ill post the indys next.

Indi's

Hey Kod
Hows things?
Did you take any trades today?

Hi Kod...thanks for opening this new thread... C4 is one of my favourite strategies...so i use it often..

This is a trade on EURUSD i've made some minutes ago..

I find that the most important things in C4 are:

- watch the trend
- watch the Lwma (mine is setted at 12)
- watch the Pa

Trix is an help...but not necessary IMHO...

Look at the current trend of the 5m TF. Draw your TL and look for clear breaks. If the break of the TL and MA is with in 2 candles look to enter

Hi Kod, could you explain or even better showing what you mean by MA is with in 2 candles..? thanks buddy

Rebel.

This is why the setups around news time are very dangerous with a 5M chart...

I had to work yesterday and I only trade this from 4-9 so no trades yesterday and nothing so far today

Look at the chart below. We have a reversal candle not the most reliable at such a short TF. To me the market at that time is saying hey watch me I might do something interesting. (1rst candle) The next candle highlighted witha green arrow breaks the MA and the TL.(2ND candle) I do wait for close of the 2nd candle.(I do not have a percentage of occurance) These are my preferred entries on this strategy. Now if this wasnt a news move I would have been all over it. Now the bull run that followed right after could have been an entry but I am not one to take every entry. Be selective and wait.

Now the key to all this is that moves like these are worth so much more than 5 pips. In my opinion looking for one 20 pip move or two 10+ pip moves is just as easy as getting four and you have less risk than the original C4 because you have less trades on the table. I use the same risk as I did on C4 for the most part, so if I am trading less (amount of trades) then I am risking less. Next aiming for the idea of trades everyday, I dont. I only look for positive days in less than 4 trades a day.

Good Thread.

I go for 10 pips profit and (10pips + spread) stop loss.

I also notice that when I go for 5pips profit I get a higher strike rate.

I usually wait for the LWMA to go green and then Trix crosses up. Then I look to enter when the candle retraces and bounces off the 4WMA. The reverse is true for shorts. It has been very profitable doing it this way. The stop is reasonable compared to the win

[quote=kodflakes;3024271]Look at the chart below. We have a reversal candle not the most reliable at such a short TF. To me the market at that time is saying hey watch me I might do something interesting. (1rst candle) The next candle highlighted witha green arrow breaks the MA and the TL.(2ND candle) I do wait for close of the 2nd candle.(I do not have a percentage of occurance) These are my preferred entries on this strategy. Now if this wasnt a news move I would have been all over it. Now the bull run that followed right after could have been an entry but I am not one to take every entry. Be selective and wait.


Hello Kod,

I took the short on the Red candle highlighted in your chart for 30 pips.

I am waiting for another formation..

Good luck

Kod, thanks for your precise and quick responce, I'd like to encourage you to keep posting your images.. A picture speaks a 1000 words.

Maxwell If kod didnt mind id like to see some trades you have taken using 4WMA..

Thanks

Rebel

The wise man knows. what he does'nt know.

I hate NFP fridays they just make me question the market so much even the slow ones like this

Another little C4 occasion on EURUSD

+6...dangerous because counter trend

We took the same trade

Well Im done for today this one is one the AU didnt even look at it for that big swing up. I noticed a piercing candle white arrow. So price came back to it and showed huge hesitation right in the same area so looked for a short and got one

kodflakes,please can you share your template also? Thanks.

Looks we are on the same page

Have good weekend and holiday all. Were gonna have a BBQ so Im looking forward to it

Here is the template sorry didnt even read any of the posts. If anyone wants to bring in anything different I really dont care at the moment I dont feel that this strategy is set in stone like some of the other forums. Again I see this as a work in progress and if needed once things get narrowed down then I, we, someone else, etc can either start a new one or make this one set as the main topic only.

ok sorry if this is a dumb problem.

Ive extracted the zip to the mt4/experts folder, ive compiled the .mq4 file, i see the files in the mt4 navigator window (1 yellow and 3 grey, presumably becuase they are ex4 format and so not editable).

So far so good. but when i double click on one of them nothing happens. If i drag them to a window nothing happens. Other EAs (such as the framework EA) i have work fine.

Ive check my 'options' and enabled everything (EAs, Live trading, DLL imports etc)

Ive researched this and found other websites such as the hiviperz site (dont know if im allowed to post links), but i downloaded the files there (earlier version) and the same problem.

Any ideas what im doing wrong?

Many thanks

Dont mind me... it was late last night.. Think i know what i was doing wrong. using indicators as EAs is a schoolboy error lol Sorry for my stupidity.. will play with this over the weekend :-) cheers